Pershing, Winthrop Lose Bid to Stop Stuyvesant Town Foreclosure
This article is for subscribers only.
Pershing Square Capital Management LP and Winthrop Realty Trust lost their bid to halt an upcoming foreclosure sale of the Stuyvesant Town-Peter Cooper Village apartment complex in Manhattan, according to a New York state appeals court clerk.
A New York appeals court declined a request by Pershing and Winthrop for a stay of the Oct. 4 foreclosure planned by senior debt holders.